How do I know which option is best for me?
Pay with Liter Balance is ideal when pump price > Liter Balance's Average Purchase Price
Pay with LOCQPay Balance is ideal when pump price < Liter Balance's Average Purchase Price
What is Average Purchase Price?
Average Purchase Price refers to the weighted average purchase price of all your currently unredeemed liters of a specific fuel type. For example, if your current Liter Balance consists of 5 liters purchased at ₱60/L and 10 liters purchased at ₱65/L, then your Average Purchase Price would be computed accordingly:
= ((5L * ₱60/L) + (10L * ₱65/L)) / 15L
= ₱950 / 15L
= ₱63.33/L
That sounds complicated. Is there an easier way to figure out which option I should use?
Don't worry, we got you! When you scan the QR code provided by the crew at the station, we do all of the work for you and simply present you with the recommended payment method based on our computations, so you can quickly proceed with your transaction:
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